Accolade strengthens its presence in Vitoria-Gasteiz with land acquisition for a new industrial park
- The transaction involves the acquisition of a plot exceeding 19,400 m² in the Júndiz Oeste Industrial Estate, one of the most established industrial areas in the region.
- Accolade has partnered with real estate consultancy JLL to lead the commercialisation of the future park.
- The project follows a turnkey model. The search for a tenant is currently under way.
- The planned built area exceeds 11,800 m².
In recent years, Vitoria-Gasteiz has consolidated its position as one of the leading industrial and logistics hubs in northern Spain. A strong manufacturing base, the availability of industrial land and a strategic location along the Atlantic corridor have made the capital of Álava a growing destination for logistics-related investment.
Accolade, a pan-European investor specialising in sustainable industrial and logistics parks, is expanding its presence in Spain with the acquisition of a new plot in Vitoria-Gasteiz. The site will become Accolade Park Vitoria West — a project designed to meet demand for high-quality industrial and logistics space. Real estate consultancy JLL will lead the commercialisation of the future park.
“Spain, and industrial locations such as Vitoria-Gasteiz in particular, are playing an increasingly important role in the reconfiguration of European supply chains. Our goal is to build a portfolio of modern, efficient and well-located assets that support the growth of industry and logistics in regional markets with real development potential. That is why we work with specialised partners like JLL from the earliest stages of each project.” — Eduardo Feliciano, Business Director, Accolade
A flexible project tailored to industrial and logistics demand
The transaction involves the acquisition of a plot exceeding 19,400 m² in the Júndiz Oeste Industrial Estate, one of the most established industrial areas in the region. The investment builds on the company’s strategy in Vitoria-Gasteiz following the success of Accolade Funds Park Vitoria, managed within the Accolade Industrial Fund — a fund for qualified investors — comprising two warehouses of approximately 20,000 and 13,000 m².
The new project follows a turnkey model aimed at industrial and logistics users, designed with flexibility to adapt the asset to the operational needs of the future tenant. The planned built area exceeds 11,800 m² and can be configured as a single-tenant warehouse or divided into two modules depending on market demand. The park is currently available for a future tenant.
Specialised commercialisation to secure the future user
JLL will support Accolade in identifying and securing potential users, drawing on its knowledge of the logistics and industrial market in the Basque Country and its experience in commercialising next-generation assets.
“We are pleased to support Accolade in the commercialisation of this versatile turnkey asset, ready to accommodate one or two tenants. Located in a strategic position and backed by strong sustainability certifications, the property represents a particularly attractive opportunity in the logistics real estate market of northern Spain.” — Adriana Gorri, Director of Leasing Advisory, JLL Spain
Development planned under efficiency and sustainability criteria
Accolade has already initiated the necessary administrative procedures and expects the asset to be delivered to the user during the first quarter of 2027. In line with the standards the company applies across its European portfolio, Accolade Park Vitoria West aspires to achieve BREEAM Very Good certification.
The land was acquired from Gasteizko Industria Lurra, S.A. (GILSA), a public company owned by the City of Vitoria-Gasteiz and SPRI Group through SPRILUR. The project is being developed in coordination with the Basque institutional ecosystem for investment attraction, where Accolade collaborates with SPRI Group and Invest in Basque Country.
“The acquisition of this land allows us to structure a project aimed at developing a competitive asset in terms of location, operational efficiency and environmental standards. We are working on the technical definition of the future development to ensure it meets the current requirements of the industrial and logistics market.” — Jan Mazáč, Associate Director, Accolade
This step builds on Accolade’s growth strategy in Spain, focused on regions with a strong industrial base and development capacity, reinforcing the company’s commitment to an investment model oriented towards modern, sustainable industrial assets aligned with market needs.